University Of The Arts
- Assets
- $189.3m
- Revenue
- $100.3m
- Investments
- $14.9m
- Employees
- 798
- Location
- Philadelphia, PA
- Founding
- 09/1964
- Data as of
- 06/2023
- EIN
- 23-1639911
Organization Overview
University Of The Arts is located in Philadelphia, PA. The organization was established in 1964. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2023, University Of The Arts employed 798 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of The Arts is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, University Of The Arts generated $100.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $106.4m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, University Of The Arts has awarded 547 individual grants totaling $68,179,061. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCING HUMAN CREATIVITY BY EDUCATING INTERDISCIPLINARY ARTISTS, PERFORMERS, MAKERS, & WRITERS.
Describe the Organization's Program Activity:
INSTRUCTION - EXPENSES INCURRED IN PROVIDING ACADEMIC INSTRUCTION THROUGH OUR INNOVATIVE CURRICULUM TO OUR 1,300 STUDENTS, WHO ARE ENROLLED IN 37 UNDERGRADUATE AND GRADUATE PROGRAMS ACROSS OUR SIX SCHOOLS (THE SCHOOL OF ART, SCHOOL OF DANCE, SCHOOL OF DESIGN, SCHOOL OF FILM, SCHOOL OF MUSIC, AND THE IRA BRIND SCHOOL OF THEATER ARTS) AND THE DIVISION OF GRADUATE AND PROFESSIONAL STUDIES.
ACADEMIC SUPPORT - COSTS INCURRED WITH THE MAINTENANCE OF PROGRAMS AND ACTIVITIES FOR FACULTY AND STUDENTS, INCLUDING ACADEMIC ADVISING, OUR NINE PERFORMANCE VENUES, 11 ART GALLERIES, THE UNIVERSITY LIBRARIES SYSTEM, A WIDE RANGE OF STUDIOS AND WORKSHOPS, AND TECHNOLOGICAL RESOURCES AND SUPPORT.
STUDENT SERVICES - COSTS INCURRED WITH PROGRAMS THAT SUPPORT OUR STUDENT BODY, INCLUDING DINING SERVICES, RESIDENTIAL FACILITIES AND PROGRAMMING, HEALTH SERVICES, MENTAL HEALTH COUNSELING, STUDENT ACTIVITIES INCLUDING CLUBS AND ORGANIZATIONS, EXERCISE AND WELLNESS RESOURCES, LEADERSHIP TRAINING, CAREER COUNSELING, AND ACCESSIBILITY SERVICES FOR STUDENTS WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judson A Aaron Chair | OfficerTrustee | 1 | $0 |
Brian Effron Vice Chair | OfficerTrustee | 1 | $0 |
William R Gast Secretary | OfficerTrustee | 1 | $0 |
Bruce Kardon Treasurer | OfficerTrustee | 1 | $0 |
Nathaniel Hamilton Jr Trustee | Trustee | 1 | $0 |
Seth Lehr Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Services Inc Maintenance Services | 6/29/23 | $3,787,565 |
Parkhurst Dining Services Food Services | 6/29/23 | $3,374,240 |
Acs Services Llc Hvac Contractor | 6/29/23 | $730,312 |
C Erickson And Sons Inc General Contractor | 6/29/23 | $2,703,089 |
Allied Universal Security Services Security Services | 6/29/23 | $2,226,804 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $720,499 |
| Related organizations | $0 |
| Government grants | $549,241 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,027,248 |
| Noncash contributions included in lines 1a–1f | $191,168 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,296,988 |
| Total Program Service Revenue | $73,238,439 |
| Investment income | $172,818 |
| Tax Exempt Bond Proceeds | $62,977 |
| Royalties | $0 |
| Net Rental Income | $253,596 |
| Net Gain/Loss on Asset Sales | $8,771,539 |
| Net Income from Fundraising Events | -$121,425 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $48,381 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $100,269,395 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,227,290 |
| Grants and other assistance to domestic individuals. | $31,678,474 |
| Grants and other assistance to Foreign Orgs/Individuals | $108,525 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,010,605 |
| Compensation of current officers, directors, key employees. | $1,405,483 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,583,179 |
| Pension plan accruals and contributions | $652,963 |
| Other employee benefits | $3,047,144 |
| Payroll taxes | $1,647,281 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $659,450 |
| Fees for services: Accounting | $118,291 |
| Fees for services: Lobbying | $126,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $298,225 |
| Fees for services: Other | $14,001,861 |
| Advertising and promotion | $251,138 |
| Office expenses | $2,313,076 |
| Information technology | $1,037,217 |
| Royalties | $0 |
| Occupancy | $1,426,098 |
| Travel | $1,258,183 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $133,608 |
| Interest | $2,355,633 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,117,716 |
| Insurance | $744,736 |
| All other expenses | $1,373,822 |
| Total functional expenses | $106,360,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,890,980 |
| Savings and temporary cash investments | $4,631,655 |
| Pledges and grants receivable | $17,177,812 |
| Accounts receivable, net | $225,545 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $949,425 |
| Net Land, buildings, and equipment | $94,469,067 |
| Investments—publicly traded securities | $48,171,497 |
| Investments—other securities | $14,900,786 |
| Investments—program-related | $545,372 |
| Intangible assets | $0 |
| Other assets | $4,306,353 |
| Total assets | $189,268,492 |
| Accounts payable and accrued expenses | $8,108,459 |
| Grants payable | $0 |
| Deferred revenue | $5,441,723 |
| Tax-exempt bond liabilities | $45,099,699 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,183,472 |
| Total liabilities | $65,833,353 |
| Net assets without donor restrictions | $32,183,759 |
| Net assets with donor restrictions | $91,251,380 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $189,268,492 |
Grants Awarded
Over the last fiscal year, University Of The Arts has awarded $9,454,090 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
MUSEUM OF BLACK JOY PURPOSE: ARTS AND CULTURAL PROJECTS | $135,000 |
KARMALUX LLC PURPOSE: ARTS AND CULTURAL PROJECTS | $90,000 |
SEVENTH WARD PROJECTS INC PURPOSE: ARTS AND CULTURAL PROJECTS | $60,000 |
TEMPLE UNIVERSITY PURPOSE: ARTS AND CULTURAL PROJECTS | $500,090 |
AFRICAN AMERICAN MUSEUM IN PHILADELPHIA PURPOSE: ARTS AND CULTURAL PROJECTS | $120,000 |
AL-BUSTAN SEEDS OF CULTURE PURPOSE: ARTS AND CULTURAL PROJECTS | $42,000 |